I know this is an old thread, but it's an interesting topic.
The answer is yes, you can perform deconvolution by convolution.
1) In FFT deconvolution, one normally divides the spectrum of the signal we want to deconvolve by the spectrum of the point spread function, and then take the inverse FFT.
So in this context, division in the frequency domain is deconvolution.
However this is equivalent to taking the same signal and multiplying by the reciprocal of the point spread function.
Multiplication in the frequency domain is convolution.
I have been using this trick for years. If I want to deconvolve a lot of data that has the same point spread function (PSF), I take the FFT of the PSF, and then take the complex reciprocal of it. I call this the inverse point spread function - IPSF.
Now one only need do a complex multiply of the FFT of signal we wish to deconvolve by the IPSF, which is a must faster operation than complex division.
In theory, one could take this IPSF, convert it to the time domain, and do time domain convolution with it, and get a similar result. I have not tried it myself, so your mileage might vary. However, I'm not sure if performing it in the time domain will have the power to shrink the length of the output down to it's original length (see my comment below in (2)) - you would need to experiment.
What one must bear in mind with simple FFT deconvoltion like this, is that if the original convolution was really aggressive, deconvolving it will just produce a lot of noisy mess, unless you have a way to temper the amount of deconvolution you need.
But in simple cases, it works like a charm.
2) To answer your second question, about the length of the resulting signal, it is true that when performing convolution, one needs to allow the output length to grow from n to n*2-1 samples in the output.
Deconvolution, if it is perfect, can shrink the result back form n*2-1 to n again. And this is the case whether you do it by FFT division, or by multiplying by the IPSF - deconvolution by convolution. However, with rounding noise and other distortions, this can't be relied upon.
Mark R